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Wednesday, January 9, 2013

The Dow Jones and Stock Market were higher on Wednesday. Will the stock market go up or down on
Thursday? Keep tabs on the stock market futures which will predict the open on Thursday. If you are a stock trader or investor, check out my stock picks group. We are making some big trades in there right now. Sign in and sign up.

The Dow Jones Industrial Average closed at 13391on 1/9/13, as the stock market rallied but came off It's high level into the close. Nothing really exciting happened today but earnings season kicked off with Alcoa (AA). The company reported inline earnings and the stock was flat on the trading session.

Apple (AAPL) stock continues to trade in a tight range as the 50 day moving average drops into striking distance. Apple (AAPL) currently has resistance up at $532 as well as $549 which is the 50 day moving average. Apple (AAPL) will report earnings on January 24, 2013 which are expected to be blow out. Buy AAPL when it closes above the 50 day moving average or on a drop to $460-$480.

Below is a list of stocks to buy on Thursday. These stocks are active and have the potential to break out this week.

SunPower Corporation (SPWR) - SunPower Corporation (SPWR) is one of the top stocks in 2013. SPWR will have support around $7.60 and resistance at $8.36. Also keep an eye on PPHM which is the hottest stock in 2013 above $2. Biggest Gainers 2013

Apple (AAPL) - Apple (AAPL) stock continues to trade in a very tight range. Apple (AAPL) will have support at $515. In the short term, as long as AAPL holds $515 it will be okay. If AAPL drops down below $515 the stock has downside risk. When stocks break support levels, they attract more sellers. When stocks break resistance levels, they attract more buyers. Apple (AAPL) currently has support at $515 and resistance at $533. Those are the two levels to watch in the next two weeks.ProShares Ultra Silver (AGQ) - ProShares Ultra Silver (AGQ) continues to bounce in the $42's. AGQ is an ETF I love below $43. I will be looking to buy AGQ in my long term account if we see another pullback.

Chipotle Mexican Grill (CMG) - Chipotle Mexican Grill (CMG) is back testing the 10 day moving average around . CMG is a buy below $275.

Zynga (ZNGA) - Zynga (ZNGA) is see another big pullback. I think this stock is a buy below $2.40.